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Notes 6-10

For the half year ended 30 June 2008

7. Taxation

The Group tax rate on Headline PBT1 is 26.0% (30 June 2007: 26.9% and 31 December 2007: 25.0%).

The Group tax rate on Reported PBT is 29.9% (30 June 2007: 30.9% and 31 December 2007: 28.4%).

The tax charge comprises:

Six months
ended
30 June
2008
£m
Six months
ended
30 June
2007
£m
Year ended
31 December
2007
£m
Current tax      
UK Corporation tax at 30%      
Current year (0.8) 11.0 27.5
Prior years 2.1 2.4 (57.9)
1.3 13.4 (30.4)
Foreign tax      
Current year 92.5 84.7 212.9
Prior years 10.0 (3.2) 5.7
102.5 81.5 218.6
Total Current tax 103.8 94.9 188.2
Deferred tax      
Current year (2.6) (4.0) 16.1
Tax charge 101.2 90.9 204.3

1 Headline PBT is defined in note 19.